TMS

Transimex ·HOSE ·2026Q1

▲▲ Improving positively

Operating efficiency is improving Net margin 11.11%, +3.83pp YoY

Price

40,000

Latest close

04 Jun 2026

P/E 18.81x

P/B 1.28x

EPS 2,126

BVPS 31,268

ROE 7.1%

ROA 4.4%

Profit Margin 10.7%

Asset Turnover 0.41x

Equity Mult. 1.62x

TTM · Applied to: EPS, ROE, ROA, Net Margin, Asset Turnover, Debt/Equity

What Is Changing

On a TTM 2026Q1 basis, TMS has not accelerated revenue sharply, but profitability is improving visibly — earnings have been recovering gradually over multiple periods. Profit growth is driven mainly by better operations rather than scale expansion — a foundation that tends to be more durable.

	                            
	                                TTM REVENUE
	                            
	                                    VND 3,559bn
	                                
+6.8%YoY

	                            
	                                TTM NET PROFIT
	                            
	                                    VND 396bn
	                                
+63.0%YoY

Metric	2025	2024	2023	2022	2021
Revenue	3,476.4	3,325.7	2,389.8	3,648.1	6,429.2
Growth	+5%	+39%	-34%	-43%	—
Net Income	373.5	170.2	173.1	682.3	682.8
Net Margin	10.74%	5.12%	7.24%	18.70%	10.62%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Revenue	786.0	979.0	930.3	863.6	703.1	903.3	905.7	821.1	690.6	786.7	664.1	525.6
Growth	-20%	+5%	+8%	+23%	-22%	-0%	+10%	+19%	-12%	+18%	+26%	—
Net Income	97.8	97.1	102.3	98.3	86.2	39.3	80.7	36.5	27.3	144.0	49.6	26.4
Net Margin	12.44%	9.92%	11.00%	11.38%	12.25%	4.35%	8.91%	4.45%	3.96%	18.31%	7.46%	5.02%

Drivers of TMS's profit

TTM

Net profit attributable to parent increased vs last year, mainly helped by higher associates income. Supporting and offsetting drivers:

Associates income ↑ 70.2bn

Gross profit ↑ 66.1bn

Other profit ↑ 34.9bn

Minority interests ↑ 24.2bn

Finance costs ↑ 21.6bn

Deferred tax ↑ 18.7bn

TTM

Net profit attributable to parent increased vs prior quarter, mainly helped by higher gross profit. Supporting and offsetting drivers:

Gross profit ↑ 21.0bn

Associates income ↑ 15.7bn

Other profit ↑ 1.5bn

Deferred tax ↑ 7.2bn

Administrative expenses ↑ 7.0bn

Finance costs ↑ 5.6bn

Financial Highlights

Detailed analysis of each financial dimension

ROE = Profit Margin × Asset Turnover × Equity Multiplier

2025Q1 4.8% = 7.3% × 0.41 × 1.61

2026Q1 7.4% = 11.1% × 0.41 × 1.62

ROE rose from 4.8% to 7.4% — mainly driven by net margin.

Net margin: 11.1% +3.8pp Asset turnover: 0.41x +0.00x Leverage: 1.62x +0.01x

Is the profit sustainable?

Margins are improving and earnings quality is solid — a durable foundation for ROE.

very positive positive stable watch under pressure

What is driving the margin?

Net margin expanded to 11.11%, rising 3.8pp. The main driver is SG&A / Revenue fell 0.8pp and Gross margin rose 0.8pp, moving in line with the stronger net margin (in addition, Other profit / Revenue rose 1.0pp added support while Net financial result / Revenue fell 0.3pp remained a drag).

The improvement comes from core operations — this is a high-quality margin expansion.

Profitability trend

Net Margin 11.11% +3.8pp

Gross Margin 18.11% +0.8pp

SG&A / Revenue 8.17% −0.8pp

TTM YoY · 2025Q1 -> 2026Q1

Is capital being used efficiently?

Return on capital rose, but cash cycle lengthened by 1.5 days — working capital needs watching.

Is capital being deployed efficiently?

ROIC expanded to 5.46%, rising 1.7pp. That translates to 5.46 in after-tax operating profit for every 100 units of operating capital. The main driver is NOPAT margin rose 3.0pp, with capital turnover broadly stable; with invested capital holding roughly steady.

NOPAT margin led the improvement, but the ROIC level has not yet cleared typical cost of capital — margin needs to hold in coming periods rather than being a one-period rebound.

CAPITAL EFFICIENCY TREND

ROIC 5.46% +1.7pp

NOPAT Margin 10.87% +3.0pp

Capital Turnover 0.50x +0.02x

Average Invested Capital 7,083.4bn +165.9bn

Balance Sheet

ROIC is improving — the asset structure below shows how capital is being allocated. Capital structure is conservative with low leverage — liabilities at 0.62x equity, net debt at 0.28x equity.

Over the last 12 months, working capital absorbed 29.9bn of cash, mainly because of higher receivables and higher inventories. Part of that drag was offset by higher payables.

Working Capital Drivers

Receivables increased → lower CFO: −44.9bn

Inventories increased → lower CFO: −0.8bn

Payables increased → higher CFO: +15.7bn

Working Capital Efficiency

Cash conversion cycle lengthened by 1.5 days versus the same period last year. The main moves came from DIO rose 0.4 days, DSO fell 13.2 days, and DPO fell 14.3 days.

Working capital cycle is flat — components are offsetting each other.

Watchpoints

Cash conversion cycle is lengthening

CCC is up by +1.5 days, indicating weaker working-capital turnover versus the prior year.

Inventory turnover is slowing

DIO increased by +0.4 days, suggesting more capital is being tied up in inventories.

Working Capital Efficiency

Receivables 29.8 days −13.2 days

Inventory 2.1 days +0.4 days

Payables 18.9 days −14.3 days

Cash Conversion Cycle 13.0 days +1.5 days

Is financial risk significant?

Financial risk is low — leverage is safe, both CFO and FCF are positive.

Leverage & Liquidity

Leverage is balanced for now, with net debt / equity at 0.28x and interest coverage at 2.42x.

At present, short-term debt accounts for 51.5% of total debt, cash equals 36.2% of debt, and total debt stands at 2,388.6bn.

Leverage and liquidity trend

Net Debt / Equity 0.28x −0.10x

Interest Coverage 2.42x +0.45x

Cash / Debt 36.2% +21.8pp

Short-term Debt / Total Debt 51.5% +23.0pp

CFO / NI 1.07x +0.17x

TTM YoY · 2025Q1 -> 2026Q1

Cash Flow

With safe leverage noted above, cash flow below shows the self-funding capacity. Operating cash flow reached 387.8bn in 2025, against investing cash flow of -175.0bn.

Post-investment cash flow was positive +212.7bn. Financing cash flow was negative +209.5bn.

CFO / net income was 1.07x.

After spending +359.1bn on fixed-asset investment, the business generated trailing free cash flow of +48.0bn.

Cash Conversion

CFO TTM 407.1bn +181.1bn

Cash Capex 359.1bn +325.0bn

FCF TTM +48.0bn −143.9bn

Investment Takeaway

The business is heading the right way, but the current picture is still at partial confirmation — not yet a fully clean case. The positive points have clearly improved, showing the operating base is better than before. The brighter spot is operating efficiency, with net margin improving 3.8 pp. Warning and risk signals are not yet decisive enough to shift the picture.

Improvement: operating efficiency is getting better, with trailing-12M net margin at 11.11% after expanding 3.8pp versus the same period last year.

Statement Data

Item	2025	2024	2023	2022	2021
Revenue	3,504.6	3,356.1	2,403.2	3,656.3	6,437.5
Revenue Deductions	28.3	30.4	13.4	8.2	0.0
Net Revenue	3,476.4	3,325.7	2,389.8	3,648.1	6,429.2
Cost of Goods Sold	2,876.2	2,804.3	1,979.2	3,098.1	0.0
Gross Profit	600.1	521.4	410.7	549.9	548.3
Financial Income	68.0	70.8	72.5	160.2	136.1
Financial Expenses	177.7	172.7	91.9	88.7	-122.1
Interest Expense	153.8	147.8	78.1	58.1	-23.8
Share of Associates and Joint Ventures	209.1	128.7	40.4	353.8	366.2
Selling Expenses	36.6	56.3	33.6	29.8	-55.2
General and Administrative Expenses	224.9	224.3	187.3	173.9	-147.2
Operating Profit	438.1	267.5	210.8	771.6	726.2
Other Income	19.8	135.2	10.7	11.3	0.0
Other Expenses	16.7	164.5	7.2	8.6	0.0
Other Profit	3.1	-29.4	3.6	2.6	3.5
Profit Before Tax	441.1	238.2	214.3	774.2	729.7
Current Income Tax Expense	79.7	85.0	63.9	101.8	-46.9
Deferred Income Tax Expense	-12.0	-17.0	-22.6	-9.9	0.0
Net Income	373.5	170.2	173.1	682.3	682.8
Non-controlling Interest	11.4	-32.4	36.1	21.6	50.9
Profit Attributable to Parent	362.1	202.6	137.0	660.7	631.9
Earnings per Share	2,074.00	1,196.00	865.00	5,427.00	7,018.00
Diluted EPS	2,074.00	1,196.00	865.00	5,427.00	5,968.54

Item	2025	2024	2023	2022	2021
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	2,114.9	2,025.3	1,816.9	1,744.4	2,567.7
I. Cash and cash equivalents	489.2	485.7	447.2	556.8	1,035.5
1. Cash	456.7	419.7	369.2	377.3	0.0
2. Cash equivalents	32.5	66.0	78.0	179.5	0.0
II. Short-term financial investments	693.2	716.3	536.9	551.1	0.0
1. Available for sale securities	267.7	228.9	212.8	215.4	0.0
2. Provision for diminution in value of available for sale securities (*)	-1.0	-0.0	-1.5	-1.0	0.0
3. Held to maturity investments	426.5	487.4	325.6	336.7	0.0
III. Short-term receivables	741.1	632.6	664.6	571.9	1,257.0
1. Short-term trade accounts receivable	397.8	314.2	375.9	278.0	0.0
2. Short-term prepayments to suppliers	73.5	14.9	41.6	91.6	0.0
3. Short-term inter-company receivables	—	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	—	0.0	0.0	0.0	0.0
5. Short-term loan receivables	—	0.0	45.2	0.0	0.0
6. Other short-term receivables	296.5	322.4	214.1	210.1	0.0
7. Provision for short-term doubtful debts (*)	-26.7	-19.0	-12.1	-7.8	0.0
8. Assets awaiting resolution	—	0.0	0.0	0.0	0.0
IV. Inventories	22.2	15.5	13.0	15.4	8.1
1. Inventories	22.2	15.5	13.0	15.4	0.0
2. Provision for decline in value of inventories	—	0.0	0.0	0.0	0.0
V. Other short-term assets	169.1	175.3	155.2	49.1	34.0
1. Short-term prepayments	15.7	23.1	18.7	12.5	0.0
2. Value added tax to be reclaimed	135.2	146.6	132.2	35.4	0.0
3. Taxes and other receivables from state authorities	18.3	5.6	4.3	1.1	0.0
4. Government bonds	—	0.0	0.0	0.0	0.0
5. Other short-term assets	—	0.0	0.0	0.0	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	6,463.8	6,371.8	5,696.3	3,826.3	3,143.0
I. Long-term receivables	25.3	25.1	21.8	25.5	0.0
1. Long-term trade receivables	—	0.0	0.0	0.0	11.2
2. Long-term prepayments to suppliers	—	0.0	0.0	0.0	0.0
3. Capital at inter-company	—	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	0.0	0.0	0.0	0.0
6. Other long-term receivables	25.3	25.1	21.8	25.5	0.0
7. Provision for long-term doubtful debts	—	0.0	0.0	0.0	0.0
II. Fixed assets	3,682.0	3,441.7	2,870.1	1,116.6	1,060.7
1. Tangible fixed assets	3,595.8	3,358.3	2,842.6	1,092.5	988.5
- Cost	4,963.5	4,485.2	3,813.3	1,727.0	0.0
- Accumulated depreciation	-1,367.7	-1,126.9	-970.6	-634.5	0.0
2. Financial leased fixed assets	—	0.0	0.0	6.2	20.8
- Cost	—	0.0	0.0	8.6	0.0
- Accumulated depreciation	—	0.0	0.0	-2.4	0.0
3. Intangible fixed assets	86.2	83.5	27.4	17.8	51.4
- Cost	100.5	95.8	38.2	26.7	0.0
- Accumulated depreciation	-14.2	-12.3	-10.8	-8.9	0.0
III. Investment properties	63.9	67.8	40.9	43.6	48.6
- Cost	121.3	121.3	90.1	88.4	0.0
- Accumulated depreciation	-57.4	-53.5	-49.2	-44.8	0.0
IV. Long-term assets in progress	148.1	388.1	359.6	103.0	94.3
1. Long-term production in progress	—	0.0	0.0	0.0	0.0
2. Construction in progress	148.1	388.1	359.6	103.0	0.0
V. Long-term financial investments	1,990.4	1,803.5	1,734.7	2,357.6	1,866.2
1. Investments in subsidiaries	—	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	1,952.2	1,787.5	1,720.2	2,345.1	0.0
3. Investments in other entities	38.3	14.1	11.5	11.5	0.0
4. Provision for diminution in value of long-term investments	—	0.0	0.0	0.0	0.0
5. Held to maturity investments	—	2.0	3.0	1.0	0.0
6. Other long-term investments	—	0.0	0.0	0.0	0.0
VI. Other long-term assets	554.0	645.6	669.2	180.0	0.0
1. Long-term prepayments	410.1	445.9	227.5	135.7	0.0
2. Deferred income tax assets	4.0	37.8	21.8	9.9	0.0
3. Long-term equipment, supplies, spare parts	—	0.0	0.0	0.0	0.0
4. Other long-term assets	—	0.0	0.0	0.0	62.0
5. Goodwill	140.0	161.8	419.9	34.4	0.0
VII. Goodwill (before 2015)	—	0.0	0.0	0.0	0.0
TOTAL ASSETS (280=100+200)	8,578.7	8,397.2	7,513.2	5,570.6	5,710.7
A. LIABILITIES (300=210+330)	3,282.1	3,237.3	2,744.6	1,423.0	2,139.7
I. Short -term liabilities	1,893.1	1,382.6	948.7	858.8	1,251.0
1. Short-term trade accounts payable	254.3	225.5	201.8	127.2	277.5
2. Short-term advances from customers	3.4	5.3	6.8	7.1	51.4
3. Taxes and other payables to state authorities	86.2	80.7	66.4	93.4	0.0
4. Payable to employees	26.9	22.6	16.7	39.1	0.0
5. Short-term acrrued expenses	80.7	47.0	25.3	36.6	0.0
6. Short-term inter-company payables	—	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	2.9	3.7	2.7	1.2	0.3
9. Other short-term payables	202.7	213.6	162.4	220.7	0.0
10. Short-term borrowings and financial leases	1,209.7	757.6	420.6	278.6	431.5
11. Provision for short-term liabilities	8.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	18.4	26.7	46.2	55.0	0.0
13. Price stabilization fund	—	0.0	0.0	0.0	0.0
14. Government bonds	—	0.0	0.0	0.0	0.0
II. Long-term liabilities	1,389.0	1,854.8	1,795.9	564.2	888.8
1. Long-term trade payables	—	0.0	0.0	0.0	0.0
2. Long-term advances from customers	—	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	—	0.0	0.0	0.0	0.0
4. Inter-company payables on business capital	—	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	—	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	—	0.0	0.0	0.0	0.0
7. Other long-term liabilities	18.7	19.4	17.6	18.7	0.0
8. Long-term borrowings and financial leases	1,236.1	1,692.0	1,778.2	545.5	868.6
9. Convertible bonds	—	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	134.2	143.3	0.0	0.0	0.0
12. Provision for long-term liabilities	—	0.0	0.0	0.0	0.0
13. Fund for technology development	—	0.0	0.0	0.0	0.0
14. Provision for severance allowances	—	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	5,296.6	5,159.9	4,768.7	4,147.6	3,571.0
I. Owner's equity	5,296.6	5,159.9	4,768.7	4,147.6	0.0
1. Owner's capital	1,693.5	1,693.5	1,582.7	1,058.7	3,571.0
- Common stock with voting right	1,693,479,540,000.00	1,693,479,540,000.00	1,582,705,280,000.00	1,058,715,480,000.00	1,058,715,480,000.00
- Preferred stock	—	0.00	0.00	0.00	0.00
2. Share premium	557.9	557.9	557.9	716.7	717.3
3. Convertible bond option	—	0.0	0.0	0.0	0.0
4. Other capital of owners	58.8	58.8	51.9	47.7	0.0
5. Treasury shares	-189,990,900.00	-189,990,900.00	-189,990,900.00	-189,990,900.00	0.00
6. Assets revaluation differences	—	0.0	0.0	0.0	0.0
7. Foreign exchange differences	—	0.0	0.0	0.0	0.0
8. Investment and development fund	158.7	158.7	158.7	156.7	0.0
9. Fund to support corporate restructuring	—	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	—	0.0	0.0	0.0	0.0
11. Undistributed earnings after tax	1,703.7	1,551.4	1,534.2	1,773.3	1,297.8
- Accumulated retained earning at the end of the previous period	1,345.5	1,348.8	1,408.1	1,115.5	678.6
- Undistributed earnings in this period	358.3	202.6	126.1	657.8	619.2
12. Reserves for investment in construction	—	0.0	0.0	0.0	0.0
13. Minority's interest	1,124.2	1,139.7	883.4	394.7	340.5
14. Financial reserves	—	0.0	0.0	0.0	0.0
II. Other resources and funds	—	0.0	0.0	0.0	0.0
1. Subsidized not-for-profit funds	—	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	—	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	—	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	8,578.7	8,397.2	7,513.2	5,570.6	5,710.7

Item	2025	2024	2023	2022	2021
Profit Before Tax	441.1	238.2	214.3	774.2	729.7
Depreciation of Fixed Assets and Investment Property	279.3	274.4	144.9	124.6	94.5
Provision (Increase)/Reversal	16.6	5.4	-1.8	4.3	0.0
FX Gain/Loss from Revaluation of Monetary Items	0.2	-3.6	-2.3	-14.6	0.0
Gain/Loss from Investment Activities	-279.7	-7.8	-98.7	-470.7	0.0
Interest Expense	156.7	151.9	81.1	63.5	0.0
Gain/Loss on Disposal of Fixed Assets	—	0.0	0.0	0.0	0.0
Interest Income and Dividends	—	0.0	0.0	0.0	0.0
Amortization of Goodwill	—	0.0	0.0	0.0	0.0
Other Adjustments	—	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	614.3	658.4	337.5	481.4	846.7
Increase/(Decrease) in Receivables	-43.6	-21.7	-15.4	467.0	0.0
Increase/(Decrease) in Inventory	-6.7	-2.5	8.6	-5.2	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	75.1	-30.8	-372.8	-321.1	0.0
Increase/(Decrease) in Prepaid Expenses	43.3	-31.3	-0.7	-61.3	0.0
Changes in Trading Securities	-38.8	-16.1	2.6	-129.1	0.0
Interest Paid	-159.6	-150.3	-76.7	-59.9	0.0
Corporate Income Tax Paid	-84.4	-70.1	-101.3	-43.9	0.0
Other Operating Receipts	—	0.0	0.0	0.0	0.0
Other Operating Payments	-11.8	-22.7	-25.0	-37.2	0.0
Net Cash Flow from Operating Activities	387.8	312.9	-243.2	290.9	359.4
Payments for Fixed Assets and Other Long-term Assets	-341.0	-270.5	-422.6	-266.9	-130.4
Proceeds from Disposal of Fixed Assets and Long-term Assets	23.7	84.3	12.6	171.2	3.5
Loans and Purchases of Debt Instruments	-999.9	-733.6	-685.8	-820.3	-106.0
Receipts from Loan Repayments and Sale of Debt Instruments	1,062.8	572.7	685.2	628.0	3.2
Investments in Other Entities	-31.1	-162.7	-170.7	-279.4	-525.3
Proceeds from Investments in Other Entities	5.4	11.6	0.0	171.5	0.0
Dividends and Interest Income Received	105.0	76.7	173.1	48.6	0.0
Increase/(Decrease) in Term Deposits	—	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	0.0	0.0	0.0	0.0
Other Investing Receipts	—	0.0	0.0	0.0	0.0
Other Investing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	-175.0	-421.3	-408.2	-347.4	-595.9
Proceeds from Equity Issuance and Capital Contributions	—	0.00	26,149,552,100.00	22,716,400,000.00	352,924,279,999.00
Share Repurchases	—	0.00	0.00	0.00	0.00
Proceeds from Borrowings	1,178.6	1,245.8	1,105.1	1,105.6	2,531.7
Repayment of Borrowings	-1,193.7	-994.9	-571.1	-1,563.9	-2,053.1
Repayment of Finance Leases	—	0.0	-0.9	-7.1	-7.5
Dividends Paid	-194.4	-103.6	-16.4	-17.5	-11.8
Other Financing Receipts	—	0.0	0.0	0.0	0.0
Other Financing Payments	—	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	-209.5	147.3	542.9	-460.3	812.2
Net Cash Flow During the Period	3.3	38.8	-108.5	-516.8	301.1
Cash and Cash Equivalents at Beginning of Period	485.7	447.2	556.8	1,073.7	460.7
FX Difference from Revaluation	0.3	-0.4	-1.1	-0.1	-0.8
Cash and Cash Equivalents at End of Period	489.2	485.7	447.2	556.8	1,035.5

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Revenue	789.7	983.0	934.6	875.2	711.4	912.8	911.9	829.6	696.8	792.7	666.8	528.5
Revenue Deductions	3.7	4.1	4.3	11.6	8.3	9.6	6.1	8.5	6.2	6.0	2.7	2.9
Net Revenue	786.0	979.0	930.3	863.6	703.1	903.3	905.7	821.1	690.6	786.7	664.1	525.6
Cost of Goods Sold	624.1	801.5	772.7	715.9	562.2	765.6	738.2	688.7	575.9	658.1	550.1	434.0
Gross Profit	161.9	177.5	157.5	147.7	140.9	137.7	167.5	132.4	114.7	128.6	114.0	91.6
Financial Income	19.4	20.3	5.2	23.4	23.4	13.3	8.1	19.4	20.4	96.8	34.9	21.8
Financial Expenses	51.0	46.7	45.9	46.3	45.3	46.4	36.8	39.7	39.9	48.2	34.5	18.5
Interest Expense	46.9	41.3	44.7	36.0	34.1	32.8	37.3	36.1	38.6	20.9	26.5	-17.7
Share of Associates and Joint Ventures	57.9	54.1	62.2	53.6	42.2	55.0	38.8	21.7	17.2	9.4	-3.3	1.8
Selling Expenses	13.0	11.7	10.1	9.7	9.6	14.5	12.3	17.7	9.9	17.1	6.7	4.3
General and Administrative Expenses	62.3	75.2	55.9	52.8	55.2	67.3	60.2	63.4	60.8	61.8	51.9	54.6
Operating Profit	112.9	118.3	113.1	115.8	96.4	77.7	105.1	52.6	41.8	107.7	52.5	37.8
Other Income	4.3	10.5	15.9	1.0	0.9	-4.1	1.1	3.0	0.6	57.9	4.4	1.6
Other Expenses	2.7	10.5	7.7	0.6	0.8	20.6	0.6	3.4	0.5	1.2	0.2	5.6
Other Profit	1.6	0.0	8.3	0.4	0.1	-24.8	0.5	-0.4	0.1	56.7	4.3	-4.0
Profit Before Tax	114.5	118.4	121.4	116.2	96.4	52.9	105.5	52.3	41.9	164.4	56.7	33.8
Current Income Tax Expense	17.9	21.4	21.1	20.2	18.7	22.0	24.5	23.6	14.6	28.0	14.0	10.9
Deferred Income Tax Expense	-1.2	-0.1	-2.0	-2.3	-8.4	-8.4	0.3	-7.8	0.0	-7.6	-6.8	-3.5
Net Income	97.8	97.1	102.3	98.3	86.2	39.3	80.7	36.5	27.3	144.0	49.6	26.4
Non-controlling Interest	-1.5	4.9	8.0	4.7	-5.2	-3.1	6.8	-6.5	-10.3	28.2	1.5	0.5
Profit Attributable to Parent	99.3	92.2	94.3	93.6	91.4	42.4	73.9	43.0	37.7	115.8	48.1	25.9
Earnings per Share	573.00	544.00	457.00	552.00	540.00	250.00	437.00	272.00	238.00	829.00	395.00	265.00
Diluted EPS	573.00	544.00	457.00	552.00	540.00	1,134.00	437.00	272.00	238.00	829.00	395.00	265.00

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	2,405.8	2,241.3	2,111.4	2,057.5	1,872.5	2,051.0	1,858.2	1,748.0	2,051.3	1,872.8	1,695.9	1,884.8
I. Cash and cash equivalents	865.1	508.7	451.7	402.4	339.6	475.9	404.1	501.4	531.0	547.6	430.3	457.4
1. Cash	793.5	450.5	307.3	331.4	290.6	411.3	318.4	453.5	421.5	367.7	404.8	242.1
2. Cash equivalents	71.6	58.2	144.4	71.0	49.0	64.5	85.7	47.8	109.4	179.9	25.5	215.3
II. Short-term financial investments	671.3	668.7	698.1	762.7	747.8	725.8	691.2	480.8	509.0	472.5	605.9	608.2
1. Available for sale securities	274.4	266.8	255.2	244.6	243.8	228.9	225.5	217.8	210.6	218.7	213.3	247.4
2. Provision for diminution in value of available for sale securities (*)	-2.4	-1.0	-0.7	-0.1	-0.0	-0.0	-0.0	-0.0	-0.5	-1.5	-2.2	-3.4
3. Held to maturity investments	399.3	403.0	443.5	518.2	504.0	496.9	465.7	263.0	298.9	255.4	394.8	364.2
III. Short-term receivables	666.9	804.4	789.2	702.3	595.0	653.6	594.7	589.7	847.1	686.3	550.9	689.5
1. Short-term trade accounts receivable	284.1	442.0	394.1	344.4	296.7	314.0	351.8	331.0	488.8	375.0	260.4	259.0
2. Short-term prepayments to suppliers	88.7	87.3	89.7	29.8	17.1	16.8	19.5	20.0	15.6	41.6	56.5	136.8
3. Short-term inter-company receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Construction contract progress receipts due from customers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Short-term loan receivables	—	10.5	11.2	—	—	0.0	0.0	0.0	104.2	45.2	44.2	47.4
6. Other short-term receivables	320.7	291.3	318.7	347.6	300.3	340.8	237.0	252.4	249.5	231.9	196.2	253.2
7. Provision for short-term doubtful debts (*)	-26.7	-26.7	-24.5	-19.5	-19.1	-18.1	-13.6	-13.7	-12.2	-8.0	-6.4	-8.1
8. Assets awaiting resolution	0.0	—	0.0	—	—	0.0	0.0	0.0	1.1	0.5	0.0	1.1
IV. Inventories	17.1	21.1	15.0	14.3	15.7	15.5	9.4	11.7	8.5	10.8	7.6	15.6
1. Inventories	17.1	21.1	15.0	14.3	15.7	15.5	9.4	11.7	8.5	10.8	7.6	15.6
2. Provision for decline in value of inventories	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
V. Other short-term assets	185.5	238.3	157.5	175.7	174.4	180.2	158.8	164.5	155.7	155.6	101.3	114.2
1. Short-term prepayments	30.8	87.3	20.1	28.3	22.4	26.6	13.3	17.4	18.8	18.7	13.7	18.4
2. Value added tax to be reclaimed	136.0	135.0	133.0	142.8	147.7	148.1	140.9	142.0	132.1	132.1	82.9	62.5
3. Taxes and other receivables from state authorities	18.6	16.1	4.4	4.7	4.4	5.6	4.7	5.1	4.8	4.8	4.6	30.2
4. Government bonds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Other short-term assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	3.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	6,492.8	6,346.8	6,392.5	6,416.6	6,430.0	6,432.9	5,962.0	5,952.0	5,786.7	5,730.4	4,399.5	4,217.0
I. Long-term receivables	27.7	27.8	28.0	22.0	29.6	25.6	23.2	29.8	22.1	22.4	21.3	21.2
1. Long-term trade receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	3.2	0.0	3.2
2. Long-term prepayments to suppliers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.1	0.0	0.3
3. Capital at inter-company	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Long-term inter-company receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term loan receivables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Other long-term receivables	27.7	27.8	28.0	22.0	29.6	25.6	23.2	29.8	22.1	19.0	21.3	17.7
7. Provision for long-term doubtful debts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Fixed assets	3,630.0	3,609.7	3,433.4	3,381.0	3,205.6	3,496.9	2,762.9	2,783.3	2,832.4	2,868.3	1,367.9	1,080.0
1. Tangible fixed assets	3,544.2	3,525.4	3,350.6	3,298.8	3,122.8	3,413.5	2,736.3	2,756.5	2,803.8	2,840.9	1,349.8	1,061.6
- Cost	4,974.8	—	—	—	—	4,540.6	3,852.7	3,811.4	3,826.1	3,813.5	2,074.4	1,748.3
- Accumulated depreciation	-1,430.7	—	—	—	—	-1,127.1	-1,116.4	-1,054.9	-1,022.2	-972.6	-724.6	-686.7
2. Financial leased fixed assets	—	0.1	0.1	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Cost	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Intangible fixed assets	85.8	84.2	82.7	82.3	82.8	83.4	26.7	26.8	28.6	27.4	18.1	18.3
- Cost	100.6	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-14.8	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
III. Investment properties	63.0	63.9	64.9	65.9	301.7	67.9	72.6	73.6	74.4	40.6	41.4	42.1
- Cost	121.3	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
- Accumulated depreciation	-58.3	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
IV. Long-term assets in progress	187.9	163.9	368.4	416.4	378.0	402.8	521.1	582.7	446.6	360.3	440.1	532.2
1. Long-term production in progress	—	0.4	0.4	—	0.4	0.0	0.4	0.0	0.0	0.0	0.0	0.0
2. Construction in progress	187.9	163.5	368.0	416.4	377.6	402.8	520.7	582.7	446.6	360.3	440.1	532.2
V. Long-term financial investments	2,043.3	2,002.4	1,936.4	1,873.6	1,861.0	1,806.8	1,759.6	1,726.7	1,749.7	1,738.1	2,343.3	2,354.7
1. Investments in subsidiaries	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Investments in associates, joint-ventures	2,008.3	1,960.2	1,898.8	1,837.2	1,828.2	1,790.7	1,743.8	1,712.2	1,735.2	1,723.5	2,286.9	2,339.1
3. Investments in other entities	31.8	38.3	35.6	34.3	30.8	14.1	12.7	11.5	11.5	11.6	53.4	12.5
4. Provision for diminution in value of long-term investments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Held to maturity investments	3.2	4.0	2.0	2.0	2.0	2.0	3.0	3.0	3.0	3.0	3.0	3.0
6. Other long-term investments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
VI. Other long-term assets	540.9	479.1	561.4	657.7	654.1	633.0	822.6	755.8	252.9	261.1	155.8	155.5
1. Long-term prepayments	402.3	336.6	413.7	449.6	451.5	431.6	407.2	221.9	223.0	227.7	132.3	142.1
2. Deferred income tax assets	4.1	2.4	2.2	48.5	46.2	37.8	29.6	29.7	21.8	33.4	23.5	13.4
3. Long-term equipment, supplies, spare parts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Other long-term assets	—	0.2	—	8.7	—	0.0	0.0	0.0	8.0	0.0	0.0	0.0
5. Goodwill	134.5	140.0	145.4	150.9	156.4	0.0	0.0	0.0	0.0	0.0	0.0	0.0
VII. Goodwill (before 2015)	—	—	—	—	—	163.6	385.8	504.3	408.6	439.7	29.7	31.2
TOTAL ASSETS (280=100+200)	8,898.6	8,588.1	8,503.9	8,474.0	8,302.5	8,483.9	7,820.1	7,699.9	7,838.0	7,603.2	6,095.4	6,101.8
A. LIABILITIES (300=210+330)	3,497.6	3,355.7	3,144.9	3,165.6	3,077.7	3,270.1	3,019.8	2,886.7	3,034.7	2,803.3	1,797.2	1,844.4
I. Short -term liabilities	1,795.5	1,720.8	1,482.8	1,495.2	1,229.5	1,257.0	1,179.2	1,009.1	1,152.3	901.3	961.5	975.8
1. Short-term trade accounts payable	140.7	338.7	195.5	182.9	160.9	209.4	250.5	254.1	340.4	217.9	122.6	128.1
2. Short-term advances from customers	69.6	3.9	5.9	5.4	5.5	5.2	8.3	6.8	8.2	6.8	7.6	49.9
3. Dividends and profits payable	7.7	—	—	—	—	—	—	—	—	—	—	—
3. Taxes and other payables to state authorities	47.0	85.5	86.3	71.7	51.0	81.9	72.5	52.6	32.9	65.0	52.2	53.1
4. Payable to employees	5.7	27.4	20.9	14.6	7.7	24.4	12.1	9.0	4.4	16.9	19.8	12.1
5. Short-term acrrued expenses	78.9	50.4	88.7	76.2	73.7	36.3	51.1	36.5	30.3	31.5	35.9	32.7
6. Short-term inter-company payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Construction contract progress payments due to suppliers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Short-term unearned revenue	1.9	2.9	4.7	4.7	4.1	4.3	3.2	3.8	2.1	3.8	1.1	1.6
9. Other short-term payables	191.6	205.8	219.1	197.2	233.1	255.8	254.9	203.0	242.2	167.5	161.1	190.5
10. Short-term borrowings and financial leases	1,230.0	987.7	843.1	921.9	671.6	611.1	494.5	406.1	454.9	344.4	504.8	452.7
11. Provision for short-term liabilities	7.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
12.. Bonus and welfare fund	15.5	18.4	18.7	20.6	21.9	28.7	32.1	37.1	36.8	47.5	56.3	55.2
13. Price stabilization fund	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
14. Government bonds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Long-term liabilities	1,702.1	1,634.9	1,662.2	1,670.4	1,848.2	2,013.1	1,840.5	1,877.6	1,882.4	1,902.0	835.7	868.6
1. Long-term trade payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Long-term advances from customers	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
3. Long-term acrrued expenses	0.8	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	2.2
4. Inter-company payables on business capital	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
5. Long-term inter-company payables	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
6. Long-term unearned revenue	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Other long-term liabilities	22.3	23.0	22.2	21.1	19.4	20.1	21.4	19.4	16.9	17.6	17.6	18.7
8. Long-term borrowings and financial leases	1,158.7	1,468.6	1,496.6	1,506.0	1,685.4	1,838.6	1,819.2	1,858.2	1,865.5	1,884.4	814.0	847.7
9. Convertible bonds	387.2	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
10. Preferred stock (Debts)	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
11. Deferred income tax liabilities	133.1	143.3	143.3	143.3	143.3	154.4	0.0	0.0	0.0	0.0	4.1	0.0
12. Provision for long-term liabilities	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Fund for technology development	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
14. Provision for severance allowances	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
B. OWNER'S EQUITY (400=410+430)	5,401.1	5,232.5	5,359.0	5,308.5	5,224.9	5,213.8	4,800.4	4,813.3	4,803.3	4,799.9	4,298.2	4,257.4
I. Owner's equity	5,401.1	5,232.5	5,359.0	5,308.5	5,224.9	5,213.8	4,800.4	4,813.3	4,803.3	4,799.9	4,298.2	4,257.4
1. Owner's capital	1,727.3	1,693.5	1,693.5	1,693.5	1,693.5	1,693.5	1,693.5	1,582.7	1,582.7	1,582.7	1,217.5	1,217.5
- Common stock with voting right	1,727,341,870,000.00	1,693,479,540,000.00	1,693,479,540,000.00	1,693,479,540,000.00	1,693,479,540,000.00	1,693,479,540,000.00	1,693,479,540,000.00	1,582,705,280,000.00	1,582,705,280,000.00	1,582,705,280,000.00	1,217,498,450,000.00	1,217,498,450,000.00
- Preferred stock	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2. Share premium	557.9	557.9	557.9	557.9	557.9	557.9	557.9	557.9	557.9	557.9	557.9	557.9
3. Convertible bond option	12.8	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
4. Other capital of owners	58.8	58.8	58.8	58.8	58.8	58.8	58.8	51.9	51.9	47.8	47.8	47.1
5. Treasury shares	-189,990,900.00	-189,990,900.00	-189,990,900.00	-189,990,900.00	-189,990,900.00	-189,990,900.00	-189,990,900.00	-189,990,900.00	-189,990,900.00	-189,990,900.00	-189,990,900.00	-189,990,900.00
6. Assets revaluation differences	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
7. Foreign exchange differences	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
8. Investment and development fund	147.2	158.7	158.7	158.7	158.7	158.7	158.7	158.7	158.7	158.7	158.7	158.8
9. Fund to support corporate restructuring	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
10. Other funds from owner's equity	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.7
11. Undistributed earnings after tax	1,780.4	1,694.7	1,776.3	1,732.4	1,641.8	1,594.5	1,485.4	1,615.8	1,571.9	1,574.6	1,894.1	1,852.4
- Accumulated retained earning at the end of the previous period	1,681.1	1,345.4	1,515.7	1,547.4	1,550.4	1,411.1	1,335.7	1,535.1	1,534.2	1,519.9	1,763.0	1,773.3
- Undistributed earnings in this period	99.3	349.3	260.6	185.0	91.4	183.4	149.7	80.7	37.7	54.7	131.1	79.1
12. Reserves for investment in construction	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
13. Minority's interest	1,116.8	1,069.0	1,113.9	1,107.4	1,114.3	1,150.6	846.3	846.4	880.4	878.3	422.4	423.2
14. Financial reserves	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
II. Other resources and funds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
1. Subsidized not-for-profit funds	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
2. Funds invested in fixed assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
C. MINORITY'S INTEREST	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	8,898.6	8,588.1	8,503.9	8,474.0	8,302.5	8,483.9	7,820.1	7,699.9	7,838.0	7,603.2	6,095.4	6,101.8

Item	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Profit Before Tax	114.5	115.4	121.4	107.9	96.4	52.9	105.5	52.2	41.9	41.1	83.6	28.8
Depreciation of Fixed Assets and Investment Property	67.2	113.7	27.6	90.3	47.8	122.5	18.6	81.7	51.6	43.5	23.3	-48.9
Provision (Increase)/Reversal	1.4	15.9	0.1	0.5	0.1	4.4	-0.2	-0.7	0.9	-1.7	-2.8	1.0
FX Gain/Loss from Revaluation of Monetary Items	0.1	-9.7	-1.0	13.0	-2.2	13.4	0.0	-1.9	-4.0	-2.9	8.8	-10.0
Gain/Loss from Investment Activities	-74.6	-78.6	-48.9	-97.1	-55.1	-7.2	-69.1	-49.0	-20.4	130.8	-184.6	31.0
Interest Expense	46.7	42.0	43.0	36.8	35.0	33.6	38.9	37.8	38.6	24.7	22.8	15.0
Gain/Loss on Disposal of Fixed Assets	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Interest Income and Dividends	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Amortization of Goodwill	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Adjustments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Operating Profit Before Changes in Working Capital	155.3	198.6	142.3	151.4	122.0	219.6	93.7	120.2	108.6	235.5	-49.0	17.1
Increase/(Decrease) in Receivables	25.1	20.7	7.4	-98.0	26.3	-97.1	27.2	-56.9	87.6	28.2	17.4	-117.6
Increase/(Decrease) in Inventory	5.3	-7.5	-0.4	1.8	-0.6	-5.7	1.9	-3.2	4.5	0.8	8.2	-6.8
Increase/(Decrease) in Payables (Excl. Interest and CIT)	-22.9	58.4	-1.0	-18.8	36.5	-175.1	141.2	15.7	-3.3	-65.1	-50.9	-312.8
Increase/(Decrease) in Prepaid Expenses	-1.2	21.9	7.6	18.7	-4.8	-37.7	11.3	10.0	-2.0	-2.9	5.4	109.2
Changes in Trading Securities	-6.8	—	—	—	—	35.8	-7.7	0.3	-5.3	0.5	4.1	-137.8
Interest Paid	-40.6	-10.0	-76.8	-32.2	-40.7	-33.4	-36.8	-31.8	-44.0	-15.3	-31.2	-12.4
Corporate Income Tax Paid	-56.2	-14.1	-4.9	-20.9	-44.4	-17.9	-0.2	-5.0	-46.9	-13.7	-5.3	0.9
Other Operating Receipts	30.7	—	—	—	—	0.0	0.0	-3.1	3.1	0.0	0.0	-0.1
Other Operating Payments	-2.0	0.9	-4.3	3.4	-11.9	1.3	-1.3	-7.0	-8.0	-13.2	-4.7	-1.8
Net Cash Flow from Operating Activities	86.7	260.9	54.7	4.7	67.4	-110.0	229.4	39.1	94.3	154.7	-105.9	-462.1
Payments for Fixed Assets and Other Long-term Assets	-62.8	-174.9	-55.9	-65.5	-44.8	93.0	-54.4	-28.0	-153.2	-119.8	-7.1	-182.8
Proceeds from Disposal of Fixed Assets and Long-term Assets	1.5	7.4	11.4	0.7	4.2	0.0	0.0	4.8	59.8	7.5	-0.3	5.0
Loans and Purchases of Debt Instruments	-128.0	-618.0	-177.6	16.5	-220.8	-415.3	-202.8	-102.3	-77.6	692.4	-1,001.5	-240.8
Receipts from Loan Repayments and Sale of Debt Instruments	128.7	528.5	358.7	0.0	175.6	345.8	0.0	129.0	113.5	-685.0	1,102.6	142.6
Investments in Other Entities	-0.7	—	—	—	—	-13.3	8.6	-131.2	-28.4	-137.3	26.1	-9.7
Proceeds from Investments in Other Entities	—	0.5	-3.1	3.2	4.8	13.2	-1.0	7.9	1.0	-41.3	41.3	0.0
Dividends and Interest Income Received	7.8	5.3	75.3	7.7	16.6	-0.4	5.8	51.2	8.4	-18.5	51.0	138.9
Increase/(Decrease) in Term Deposits	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Acquisition of Non-controlling Interests	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Investing Receipts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Investing Payments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Investing Activities	-53.4	-262.5	213.6	-11.2	-114.9	23.1	-243.8	-68.6	-76.5	-302.0	212.1	-146.9
Proceeds from Equity Issuance and Capital Contributions	—	—	—	—	—	0.00	0.00	0.00	0.00	6,660,000.00	0.00	160,100,242,100.00
Share Repurchases	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds from Borrowings	636.0	601.9	166.5	237.9	172.3	810.5	0.0	154.3	271.8	362.0	136.0	668.3
Repayment of Borrowings	-293.5	-408.5	-342.5	-171.6	-271.1	-637.3	-3.7	-151.3	-205.4	-195.0	-247.7	410.7
Repayment of Finance Leases	—	—	-35.6	—	—	0.0	0.0	0.0	0.0	0.0	-0.9	0.6
Dividends Paid	-0.0	-193.3	0.0	-1.0	—	-14.6	-79.2	-3.1	-0.8	-1.9	-13.6	0.1
Other Financing Receipts	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Financing Payments	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Cash Flow from Financing Activities	342.6	35.7	-211.6	65.2	-98.7	158.6	-82.9	-0.1	65.7	165.1	-126.1	1,239.8
Net Cash Flow During the Period	375.8	34.2	56.6	58.7	-146.2	71.8	-97.3	-29.5	83.5	17.8	-20.0	630.8
Cash and Cash Equivalents at Beginning of Period	489.2	451.7	398.4	339.6	485.7	447.2	447.2	447.2	447.2	556.8	556.8	556.8
FX Difference from Revaluation	0.1	0.3	0.8	0.3	0.1	0.0	0.0	-0.0	0.3	-1.0	-0.1	-0.1
Cash and Cash Equivalents at End of Period	865.1	489.2	451.7	398.4	339.6	475.9	404.1	501.4	531.0	447.2	430.3	450.4

Explore Other Stocks In The Same Sector

MVN, GMD, TOS, PHP, VSC, VGR, PDN, SGP, CDN, DVP, STG, TCL, QNP, CQN, TCW, CLL, SFI, IST, MAC, PNP, PSN, QSP, STS, CCR, HMH, NAP, CMP, TNP, VFR, ILS, TR1, GIC, VMS, VIN, PSP, DNL, TUG, DS3, SAL, VLG, SAC, SCO, CCT, CCP, CPI, DDH, CAG, PAP

Need support? If you need support with content lookup or want to provide feedback about content on the website, please contact us below.

TMS

What Is Changing

Drivers of TMS's profit

Financial Highlights

Is the profit sustainable?

What is driving the margin? ▲▲

Is capital being used efficiently?

Is capital being deployed efficiently? ▲

Balance Sheet ●

Working Capital Efficiency ●

Is financial risk significant?

Leverage & Liquidity ●

Cash Flow ▼

Investment Takeaway

Statement Data

What is driving the margin?

Is capital being deployed efficiently?

Balance Sheet

Working Capital Efficiency

Leverage & Liquidity

Cash Flow